There had been some delay in Carlsen’s signing of the FIDE contract for the upcoming WCC match with Anand. The match is slated to start in early November in Sochi. Prize fund approximately 1.5 million dollars. Speculation had it that Carlsen might forfeit the opportunity to renew his world title. Reasons given varied from not enough money to poor timing to Russia not being the most appropriate place to play (given international politics).